Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases

Schedule of components of lease expense

	Three months ended
(Millions)	March 31, 2019
Operating lease cost	$	72
Finance lease cost:
Amortization of assets		4
Interest on lease liabilities		—
Variable lease cost		20
Total net lease cost	$	96

Schedule of supplemental balance sheet information

	Location on Face of	As of:
(Millions unless noted)	Balance Sheet	March 31, 2019
Operating leases:
Operating lease right of use assets	Operating lease right of use assets	$	797
Current operating lease liabilities	Operating lease liabilities - current	$	255
Noncurrent operating lease liabilities	Operating lease liabilities		531
Total operating lease liabilities		$	786
Finance leases:
Property and equipment, at cost	Property, plant and equipment	$	191
Accumulated amortization	Property, plant and equipment (accumulated depreciation)		(89)
Property and equipment, net		$	102
Current obligations of finance leases	Other current liabilities	$	16
Finance leases, net of current obligations	Other liabilities		84
Total finance lease liabilities		$	100
Weighted average remaining lease term (in years):
Operating leases			4.7
Finance leases			8.5
Weighted average discount rate:
Operating leases			3.0	%
Finance leases			4.9	%

Schedule of supplemental cash flow and other information

	Three months ended
(Millions)	March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	75
Operating cash flows from finance leases		3
Financing cash flows from finance leases		—
Right of use assets obtained in exchange for lease liabilities:
Operating leases		48
Finance leases		9
Gain on sale leaseback transactions, net		—

Schedule of maturities of operating lease liabilities

	March 31, 2019
(Millions)	Finance Leases		Operating Leases
Remainder of 2019	$	17	$	209
2020		15		211
2021		11		137
2022		11		100
2023		11		71
After 2023		40		121
Total	$	105	$	849
Less: Amounts representing interest		(5)		(63)
Present value of future minimum lease payments		100		786
Less: Current obligations		16		255
Long-term obligations	$	84	$	531

Schedule of maturities of finance lease liabilities

	March 31, 2019
(Millions)	Finance Leases		Operating Leases
Remainder of 2019	$	17	$	209
2020		15		211
2021		11		137
2022		11		100
2023		11		71
After 2023		40		121
Total	$	105	$	849
Less: Amounts representing interest		(5)		(63)
Present value of future minimum lease payments		100		786
Less: Current obligations		16		255
Long-term obligations	$	84	$	531

Minimum lease payments under capital and operating leases with non-cancelable terms in excess of one year

Minimum lease payments under capital and operating leases with non-cancelable terms in excess of one year as of December 31, 2018, were asfollows:

			Operating
(Millions)	Capital Leases		Leases
2019	$	18	$	283
2020		16		208
2021		14		153
2022		12		122
2023		12		92
After 2023		32		253
Total	$	104	$	1,111
Less: Amounts representing interest		12
Present value of future minimum lease payments		92
Less: Current obligations under capital leases		17
Long-term obligations under capital leases	$	75